LØVAAS MOTOR AS

3084 HOLMESTRAND

Finances

Share Ownership

Return on Equity

30,82 %

Current Ratio

1,58

Debt-to-Equity Ratio

0,02

Key figures (NOK)	2022	2021	2020	2019
Revenue	37 070 000	38 308 000	29 833 000	31 356 000
Net Income	1 445 000	2 182 000	1 020 000	806 000
Total Assets	12 587 000	12 268 000	13 614 000	11 527 000
Total Equity	4 689 000	3 285 000	7 110 000	6 103 000

Income (NOK)	2022	2021	2020	2019
Revenue	37 070 000	38 308 000	29 833 000	31 356 000
Expenditure	35 184 000	35 430 000	28 403 000	30 296 000
Operating Profit	1 885 000	2 877 000	1 430 000	1 060 000
Financial Income	77 000	11 000	15 000	51 000
Financial Costs	106 000	88 000	159 000	81 000
Financial Balance	−29 000	−77 000	−144 000	−30 000
Earnings Before Tax	1 857 000	2 799 000	1 286 000	1 030 000
Tax	411 000	617 000	266 000	224 000
Net Income	1 445 000	2 182 000	1 020 000	806 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	236 000	336 000	440 000	89 000
Total Current Assets	12 351 000	11 932 000	13 173 000	11 439 000
Total Assets	12 587 000	12 268 000	13 614 000	11 527 000
Total Retained Equity	4 289 000	2 885 000	6 710 000	5 703 000
Total Equity	4 689 000	3 285 000	7 110 000	6 103 000
Total Long-Term Debt	98 000	211 000	322 000	0
Total Current Debt	7 800 000	8 773 000	6 182 000	5 424 000
Total Equity and Debt	12 587 000	12 268 000	13 614 000	11 527 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	37 070 000	38 308 000	29 833 000	31 356 000
Other Income	0	0	0	0
Revenue	37 070 000	38 308 000	29 833 000	31 356 000
Cost of Goods Sold	24 912 000	25 933 000	19 583 000	23 258 000
Salary Costs	8 049 000	7 424 000	7 094 000	5 366 000
Depreciation	100 000	104 000	54 000	31 000
Impairment	0	0	0	0
Expenditure	35 184 000	35 430 000	28 403 000	30 296 000
Operating Profit	1 885 000	2 877 000	1 430 000	1 060 000
Financial Income	77 000	11 000	15 000	51 000
Financial Costs	106 000	88 000	159 000	81 000
Financial Balance	−29 000	−77 000	−144 000	−30 000
Dividends	0	1 000 000	0	0
Net Income	1 445 000	2 182 000	1 020 000	806 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	236 000	336 000	440 000	89 000
Total Tangible Assets	236 000	336 000	440 000	89 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	236 000	336 000	440 000	89 000
Stock	8 127 000	6 929 000	7 154 000	6 495 000
Total Investments	0	0	0	0
Cash, Bank	2 851 000	2 971 000	4 877 000	4 052 000
Total Current Assets	12 351 000	11 932 000	13 173 000	11 439 000
Total Assets	12 587 000	12 268 000	13 614 000	11 527 000
Total Equity	4 689 000	3 285 000	7 110 000	6 103 000
Short-Term Group Debt	0	51 000	0	0
Total Long-Term Debt	98 000	211 000	322 000	0
Creditors	1 550 000	3 310 000	2 072 000	2 666 000
Unpaid Taxes	1 218 000	735 000	773 000	453 000
Dividends	0	1 000 000	0	0
Other Current Debt	4 633 000	3 063 000	3 075 000	2 084 000
Total Current Debt	7 800 000	8 773 000	6 182 000	5 424 000
Total Equity and Debt	12 587 000	12 268 000	13 614 000	11 527 000

Financial indicators	2022	2021	2020	2019
Return on Equity	30,82 %	66,42 %	14,35 %	13,21 %
Debt-to-Equity Ratio	0,02	0,06	0,05	0
Operating Profit Margin	5,08 %	7,51 %	4,79 %	3,38 %
Current Ratio	1,58	1,36	2,13	2,11
Quick Ratio	−37,77	6,47	−13,55	−10,68
Equity Ratio	0,37	0,27	0,52	0,53
Gross Profit Margin	32,8 %	32,3 %	34,36 %	25,83 %